# Brazos Capital

> Brazos Capital is an SEC-registered investment advisory firm in Austin, TX, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 289749
- Filed as: BRAZOS CAPITAL
- Legal name: Brazos Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/289749
- AdvisorCensus page: https://advisorcensus.com/firm/brazos-capital-austin-tx-289749

## Quick answers

**How is Brazos Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Brazos Capital reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Brazos Capital's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: 0.75% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Brazos Capital located?**
Brazos Capital's principal office is in Austin, TX, according to its Form ADV.

**Is Brazos Capital registered with the SEC or a state?**
Brazos Capital is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289749.

**How much does Brazos Capital manage?**
Brazos Capital reports $102,528,960 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Brazos Capital's assets and staff changed since 2021?**
In the Form ADV data for Brazos Capital: Regulatory assets under management: $113,462,403 in the October 2021 data and $102,528,960 in the October 2026 data, down 10%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brazos Capital serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (28); individuals (other than high net worth individuals) (4).

**Which custodians does Brazos Capital use?**
Brazos Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Brazos Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/289749

**Does Brazos Capital state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."

**What changed in Brazos Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $90,506,283 to $102,528,960 (+13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Asset-based fee: 0.75% to 2% a year (a range, as the brochure states it)

> Our annual fee for portfolio management services varies between 0.75% to 2.00% depending upon the market value of your assets under our management, the type and complexity of the asset management services provided, as well as the level of administration requested either directly or assumed by the client.

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $102,528,960
- Discretionary: $102,528,960
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $2,651,881 |
| High net worth individuals | 28 | $99,877,079 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2017 (9 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- brazoscapitalgroup.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $113,462,403 | 2 | September 2, 2021 |
| October 2022 | $128,632,610 | 4 | March 30, 2022 |
| October 2023 | $116,821,782 | 4 | March 31, 2023 |
| October 2024 | $126,166,685 | 3 | March 27, 2024 |
| October 2025 | $90,506,283 | 3 | March 28, 2025 |
| October 2026 | $102,528,960 | 3 | March 25, 2026 |

Regulatory assets under management: $113,462,403 in the October 2021 data and $102,528,960 in the October 2026 data, down 10%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $90,506,283 to $102,528,960 (+13%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Brazos Capital (CRD 289749): Form ADV filing data as of October 2026.